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Chariot Corporation Limited ( (AU:CC9) ) has issued an announcement.
Chariot Corporation Limited has successfully raised A$1.6 million through a placement of 32 million shares, supported by strategic and long-term lithium investors. The funds will be used to acquire a 66.7% interest in a Nigerian lithium portfolio, cover landholding and exploration costs, and support corporate expenses. This acquisition enhances Chariot’s global lithium portfolio and positions the company for growth, with opportunities to supply the Chinese battery market.
More about Chariot Corporation Limited
Chariot Corporation Limited is a company involved in the lithium industry, focusing on building a significant portfolio of lithium projects. Their primary products include hard rock lithium projects in Wyoming, claystone assets in Oregon and Nevada, and a newly acquired lithium portfolio in Nigeria. The company is strategically positioned to supply the battery supply chain in both the United States and China.
Average Trading Volume: 98,548
Technical Sentiment Signal: Sell
Learn more about CC9 stock on TipRanks’ Stock Analysis page.